Golden Reserve Retirement LLC Acquires New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Golden Reserve Retirement LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,537 shares of the company's stock, valued at approximately $299,000. Palantir Technologies makes up about 0.1% of Golden Reserve Retirement LLC's portfolio, making the stock its 11th largest holding.

Other institutional investors have also modified their holdings of the company. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the first quarter worth $25,000. Cornerstone Planning Group LLC grew its stake in shares of Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares in the last quarter. Richardson Capital Management LLC acquired a new position in Palantir Technologies in the first quarter valued at $33,000. Atlantic Edge Private Wealth Management LLC boosted its stake in Palantir Technologies by 45.5% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after acquiring an additional 125 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its stake in Palantir Technologies by 118.5% in the first quarter. CBIZ Investment Advisory Services LLC now owns 413 shares of the company's stock valued at $35,000 after acquiring an additional 224 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on PLTR. Citigroup upped their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Loop Capital increased their price target on shares of Palantir Technologies from $155.00 to $178.00 and gave the stock a "buy" rating in a report on Wednesday. Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Morgan Stanley upped their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Piper Sandler assumed coverage on shares of Palantir Technologies in a research report on Friday, July 25th. They set an "overweight" rating and a $170.00 target price on the stock. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $96.45.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 309,696 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $39,142,477.44. Following the transaction, the insider owned 592 shares of the company's stock, valued at approximately $74,822.88. This trade represents a 99.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 30,812 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the completion of the transaction, the insider directly owned 495,497 shares in the company, valued at approximately $62,625,865.83. This represents a 5.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,485,632 shares of company stock worth $191,222,623 over the last 90 days. Company insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ PLTR traded down $4.08 during mid-day trading on Friday, reaching $154.27. 60,986,881 shares of the stock were exchanged, compared to its average volume of 92,549,563. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $160.89. The business's fifty day simple moving average is $139.76 and its 200 day simple moving average is $111.35. The stock has a market capitalization of $364.06 billion, a PE ratio of 670.74, a PEG ratio of 13.52 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. Palantir Technologies's revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.